Markets

EOS started a strong upward move from the $2.500 support level against the US Dollar.The price is currently trading above $2.600 and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $2.560 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to rise towards the $2.720 and $2.800 resistance levels in the near term.EOS price is showing positive signs above the $2.600 level against the US Dollar,...

Litecoin price started a strong upward move above the $48.50 and $50.00 resistance levels against the US Dollar.LTC price is currently trading above the $54.00 support level and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $48.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above $55.50 and $56.50 in the near term.Litecoin price is trading in a strong uptrend above...

Bitcoin is on the verge of hitting the $12,000 mark again. This would be the first time the currency has done so in about two months, with late August being the last time the price of the world’s number one cryptocurrency by market cap has come this close.Bitcoin Is Once Again Heading for the TopDuring that time, the asset rose as high as $12,400, though a historically bearish September would then set in and drag bitcoin down to the bottom of the financial ocean, taking its price all the way...

Bitcoin’s price is undeniably affected by many factors. Throughout its nascent history, it has displayed continuous correlation with the performance of gold, although, at times, it’s moving hand-in-hand with the stock market. The overall macroeconomic landscape has also proven to be a factor for Bitcoin’s price. For example, it saw a 40% decrease in March when the world declared a state of global pandemic induced by the outbreak of the novel coronavirus COVID-19. The 2020 US...

In the future, PayPal plans to work with global central banks to further tap on digital assets’ capabilities.American payment company PayPal Holdings Inc (NASDAQ: PYPL) has partnered with Paxos Trust Company to provide crypto services. Notably, PayPal has also been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS).The move by the giant payment processing company to enter the crypto market is viewed as a huge disruption in the entire financial...

To promote the launch of four new trading pairs, Bybit is offering users a discount on trading fees and is running a lottery program to incentivize participation.Bybit has added support for several new trading pairs to its derivatives exchange, bringing the number of cryptocurrencies it supports to seven. Perpetual contracts for USDT with ETH, LTC, XTZ, and LINK have been added to the derivatives platform, which continues to go from strength to strength.The introduction of new markets, at a...

The European Central Bank may try to put a cap on the maximum amount of the digital euro each individual can hold per time, should the project eventually go live.The German Central Bank head of payments Burkhard Balz recently stated that the decision by any country to develop and launch a central bank digital currency (CBDC) might be more of a political decision than technical. Mr. Balz made this assertion while making a Keynote Speech at the China Europe Finance Summit – A Hybrid Conference...

Bitcoin is enjoying several consecutive bullish days, resulting in a break above $12,000. The movement may surprise some. A few days ago, news broke that the popular cryptocurrency exchange OKEx had suspended withdrawals after reports emerged that its founder was taken away by the police. In early October, the owners of another large platform, namely BitMEX, were charged by the US CFTC with illegally operating a derivatives exchange. Similar developments typically lead to...

To win, the U.S. Department of Justice must prove that Google gained or maintained monopoly power through abusive conduct.Alphabet Inc  (NASDAQ: GOOGL) stocks jumped approximately 1.38% during Tuesday’s trading session to close the day trading at $1,551. Notably, GOOGL shares were 0.87% up during Wednesday’s premarket in regards to yesterday’s close. Investors in GOOGL stocks are in a state of dilemma as the Alphabet’s subsidiary Google faces an antitrust case with the United States...

Mode Global prides on being the first publicly traded company in the United Kingdom to invest in Bitcoin.London Stock Exchange-listed company Mode Global Holdings PLC (LSE: MODE) announced on Wednesday that it has allocated up to 10% of its cash reserves to purchase Bitcoin beside adopting it as its treasury reserve asset.At the time of writing, MODE shares were trading around €45.44 having dropped approximately 0.13% in the past 24 hours.The move by the company to put part of its cash in...